Lithium Americas Corp (LAC) Financings
TSX: LAC · Lithium · Development stage
- Market cap$1.20B
- Share price$3.18
- 52-week range$2.90 – $14.75
- Shares outstanding377,334,749
- ExchangeTSX
- Websitelithiumamericas.com
Lithium Americas is building Thacker Pass located in Humboldt County in northern Nevada. Phase 1 is designed for nominal production capacity of 40,000 tonnes per year of battery-quality lithium carbonate, and mechanical completion is targeted for late 2027. Thacker Pass hosts the largest known measured lithium resource (Measured and Indicated) in the world and is owned by a JV between Lithium Americas (holding a 62% interest), and GM (holding a 38% interest). Project financing for Phase 1 includes a $2.23 billion loan from the U.S. DOE and strategic investments from GM and Orion. The DOE holds the LAC Warrant to purchase common shares equivalent to a 5% equity stake of the Company as of January 30, 2026 (the ' Issuance Date ') and the JV Warrant to purchase a non-voting, non-transferable equity interest in the JV equivalent to a 5% interest as of the Issuance Date. Lithium Americas' shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol LAC. To learn more, visit www.lithiumamericas.com or follow @LithiumAmericas on social media.
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Lithium Americas Corp financial statements
Key figures read from 14 of 15 financial statement filings, Nov 9, 2023 to Aug 13, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$568,226 | US$593,885 | US$195,516 | US$636 | US$933 |
| Total current assets | US$911,639* | US$602,463* | US$233,617 | US$25,901 | US$9,041 |
| Total current liabilities | — | — | US$24,563 | US$54,209 | US$4,517 |
| Working capital | — | — | US$209,054 | (US$28,308) | US$4,524 |
| Exploration and evaluation assets | — | — | US$770 | US$9,514 | US$5,747 |
| Property, plant and equipment | — | — | US$206,082 | US$3,936 | US$3,294 |
| Total assets | US$2,579,048 | US$1,044,944 | US$439,500 | US$27,838 | US$10,852 |
| Debt | US$511,004 | US$0 | US$0 | US$43,572 | US$40,000 |
| Total liabilities | — | — | US$32,038 | US$62,255 | US$52,538 |
| Shareholders' equity | — | — | US$407,462 | (US$34,417) | (US$41,686) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (US$19) | (US$202) | (US$3,763) | (US$47,275) | (US$36,113) |
| General and administrative | (US$52,822) | (US$28,096) | (US$16,274) | (US$9,545) | (US$5,116) |
| Net income (loss) | (US$86,262) | (US$42,633) | (US$3,934) | (US$67,798) | (US$47,026) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | |
|---|---|---|---|---|
| Operating cash flow | (US$61,222) | (US$13,013) | (US$39,526) | (US$51,995) |
| Investing cash flow | (US$765,044) | (US$177,693) | (US$188,944) | (US$20,640) |
| Financing cash flow | US$1,137,702 | US$589,075 | US$423,638 | US$72,338 |
| Exploration spending (capitalized) | (US$765,044) | (US$177,693) | (US$188,944) | (US$4,120) |
| Property, plant and equipment spending | — | — | — | (US$1,505) |
| Change in cash | US$311,436 | US$398,369 | US$195,168 | (US$297) |
| Cash at end of period | US$905,609 | US$594,173 | US$195,804 | US$636 |
Lithium Americas Corp financings
4 financings announced or closed by Lithium Americas Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-06 | Lithium Americas Corp (LAC) | Convertible debenture | Announced | $175.0M | — | Lithium Americas Further Strengthens Balance Sheet with $175 Million Financing as Thacker Pass Approaches Peak Construction |
| 2025-05-15 | Lithium Americas Corp (LAC) | Atm | Announced | US$100.0M | — | Lithium Americas Establishes an ATM Program |
| 2025-04-01 | Lithium Americas Corp (LAC) | Private placement | Closed, 1 tranche | $250.0M | — | Lithium Americas Announce FID for Thacker Pass Phase 1 and Closes Strategic Investment from Orion Resource Partners |
| 2024-04-17 | Lithium Americas Corp (LAC) | Private placement, brokered | Closed, 1 tranche | US$275.0M | $5.00 | Lithium Americas Announces Proposed Public Offering of Common Shares |
Lithium Americas Corp debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Lithium Americas Corp has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-08-06 | Convertible debenture, proposed | — | C$175M | — |